If you're freelancing or running a solo business, you're almost certainly leaving money on the table at tax time.

Here are 5 deductions that get missed constantly:

1. Home Office (Even a Corner Counts)

If you use any dedicated space in your home for work, you can deduct a portion of rent, utilities, and internet. The simplified method gives you $5/sq ft up to 300 sq ft — that's $1,500 you might be ignoring.

2. Software & Subscriptions

Every tool you pay for — design software, cloud storage, project management, even your Spotify if you use it for focus music during work — can qualify.

3. Phone & Internet (Partial)

You don't need a separate business phone. If you use your personal phone 60% for work, deduct 60% of the bill. Same with internet.

4. Mileage & Transportation

Driving to meet a client? That's $0.67/mile in 2025. A 20-mile round trip twice a week adds up to nearly $1,400/year.

5. Professional Development

Courses, books, conferences, coaching — anything that improves your skills for your business is deductible.

The real problem isn't knowing these exist — it's tracking them consistently. Most freelancers lose deductions because they forget to log expenses in the moment.

That's exactly why we built Receipt Cycle — snap a receipt, speak an expense, and let AI categorize it for you. Tax time becomes a 5-minute export instead of a weekend of digging through bank statements.